Due to the impact of the recent epidemic, the number of participants in this year's annual shareholders' meeting of "photovoltaic Mao" Longji green energy decreased a lot compared with last year. However, on the afternoon of May 20, dozens of shareholders from Hubei, Fujian, Guangdong and other places still attended the 2021 annual shareholders' meeting of Longji green energy and exchanged with the company's senior management on silicon supply, company capacity, development strategy and other issues.
silicon material supply is getting better
The rising price of silicon material is the concern of many shareholders. In this regard, Zhong Baoshen, chairman of Longji green energy, said at the shareholders' meeting that behind the rise in silicon price is the relatively rapid growth of photovoltaic industry, which is caused by the imbalance of all links.
According to the annual report of 2021, Longji green energy achieved 70.01gw of monocrystalline silicon wafer shipments in 2021, including 33.92gw for external sales and 36.09gw for self use; The shipment volume of single crystal components was 38.52gw, including 37.24gw for external sales, a year-on-year increase of 55.45% and 1.28gw for self use During the reporting period, the company's component sales volume, market share and brand influence ranked first in the world. In terms of sales region, the company has achieved market share leadership in Asia Pacific, Europe, Middle East Africa and other countries and regions. The company's component sales volume has achieved global total leadership in 2020 to overall leadership in major global market segments in 2021, and its market leading position has been further consolidated.
But at the same time, in 2021, the photovoltaic industry is facing a more complex and changeable business environment. The company's operation is facing multiple challenges, such as shortage of raw materials, poor logistics, soaring prices and overseas epidemics. During the reporting period, due to the unbalanced development of the manufacturing link of the photovoltaic industry chain, there was a phased shortage of main raw materials, coupled with the price rise of bulk commodities such as aluminum and copper, the operating rate of the industry decreased, the profits of the industry chain shifted upstream, and the insufficient supply of raw materials restricted the terminal demand.
"However, the company maintains close cooperation with upstream suppliers, and with the increase of production capacity, we think the silicon material will be much better this year than last year, and the subsequent supply situation will be better and better." Zhong Baoshen said.
"After the year, the price of silicon material continues to rise and is expected to remain in short supply until the third quarter." Qu Fang, an investment consultant of Wanlian securities, said in an interview with the Securities Daily that the price of silicon wafers also continued to rise in the first quarter. With the release of silicon material production capacity in the second half of the year, the improvement of silicon wafer structure and slicing, silicon wafers will still maintain strong profitability. "At the same time, with the release of silicon wafer production capacity and the demand of the external market for Chinese enterprises, the profit space of components will also be improved."
building competitive advantage with technology
With the rapid development of the photovoltaic industry, more and more enterprises have entered the photovoltaic industry, and the continuous expansion of production capacity has also become a current situation of the recent industry development. In the face of the intensification of industry competition, what are the advantages of Longji green energy?
With regard to this issue of concern to shareholders, Zhong Baoshen first said that the development of the company does not focus on scale, and long-term sustainable customer satisfaction and shareholder return are the focus of the company.
"All along, the company has maintained high-intensity R & D investment, created differentiated products and built a long-term competitive advantage." Zhong Baoshen said.
According to the annual report data of 2021, by the end of the reporting period, the company had obtained 1387 authorized patents, and the annual R & D investment was 4.394 billion yuan, accounting for 5.43% of the operating revenue. While focusing on the independent research and development of core technologies and products, the company simultaneously carried out technology incubation and innovation cooperation, and established advantages in technology, products, materials and equipment.
For the battery module technology concerned by investors, Li Zhenguo, President of Longji green energy, said that in the past year, the company has broken the world record nine times, invested R & D resources in different technical routes, and reached the global leading level in heterojunction and TOPCON battery.
For what kind of battery technology route the company will adopt, Li Zhenguo said that it is uncertain at present. No matter what kind of technology route, the company is in a leading position.
directly targeting the revenue target of 100 billion yuan
At this shareholders' meeting, the company reiterated its business plan for 2022. In terms of capacity construction, by the end of 2022, Longji green energy plans to achieve an annual capacity of 150gw for monocrystalline silicon wafers, 60GW for monocrystalline batteries and 85gw for monocrystalline components The shipment target of monocrystalline silicon wafer in 2022 is 90gw-100gw (including self use), and the shipment target of components is 50gw-60gw (including self use). It is planned to realize an operating revenue of more than 100 billion yuan in 2022.
For the realization of this goal, Zhong Baoshen said that the EU has recently issued an active clean energy plan. At the same time, several major markets such as the United States and India have also issued active photovoltaic development policies, which will promote the further rapid development of the photovoltaic industry.
"This year, the company will further improve its production capacity through technological transformation and new production capacity." Zhong Baoshen revealed.
At the same time, Zhong Baoshen also revealed that two new businesses of the company are worth looking forward to this year, among which there will be a big breakthrough in photovoltaic building integration (BIPV). At the same time, the company has set a high delivery target for hydrogen energy business this year and is confident to complete it.
"During the 14th Five Year Plan period, building photovoltaic integration will gain more incremental space. However, photovoltaic enterprises lack relevant experience, technology and even resources in the construction industry. In order to accelerate the development of photovoltaic building integration business, Longji lvneng and Center International Group Co.Ltd(603098) have integrated the business. This is also an important direction of photovoltaic development in the next few years, so the company has great potential for business development in the future." Let go.
As a service provider of medium and high-end building metal system, Center International Group Co.Ltd(603098) has been deeply engaged in public and industrial building roof and other fields for many years, involving industrial plants, logistics warehousing, airport terminals, railway stations and large transportation hubs, convention and exhibition centers, etc.
"The company gives full play to its advantages in the photovoltaic field, and at the same time, combined with the advantages of Center International Group Co.Ltd(603098) in the construction field, promotes the development of the company's photovoltaic construction integration business." Zhong Baoshen said.
For the development of hydrogen energy field, in Qu Fang's view, Longji green energy itself has advantages in Cecep Solar Energy Co.Ltd(000591) field, so it also has a first mover advantage in hydrogen energy manufacturing. At the same time, the improvement of upstream and downstream industrial chain is also conducive to enterprises to maintain technical advantages in the industry for a long time.
